Business Journal: Valuable City Land Up For Sale

The City of Sacramento is offering to sell one of the most prized pieces of land in the region.

It’s the last undeveloped parcel on the prestigious Capitol Mall … with no height limits … and it’s right by the Sacramento River. Called Lot X, it’s a little larger than a city block, and across the street lies the heavily treed Crocker Park … and the Crocker Museum that will receive millions from the sale of Lot X, toward its coming expansion. Lot X is now used for parking. Real estate brokers say it would probably become a high rise with office space, a hotel, or condominiums … or a blend. With the 53-story Towers condominium project just up Capital Mall, Lot X might well become home to a companion skyscraper.